RSS 
Email 
Reliance Comm says no statement on MTN yet
Posted by naatmad on Wednesday, 9 July, 2008
NEW DELHI, July 8 – India’s Reliance Communications said it would not be making a statement on Tuesday on the status of its talks with South Africa’s MTN Group , the exclusivity of which was due to expire at the end of the day.
In Johannesburg, a spokeswoman for MTN could not be reached after the stock market closed for the day without a statement being issued. Earlier, the company had said it would be issuing a statement.
In India, a source with knowledge of the matter said talks may continue between the two for a deal which could create a top-10 global telecoms firm, but may not be exclusive any more.
Reliance Communications, India’s No. 2 mobile operator, began exclusive talks with MTN on May 26, replacing larger rival Bharti Airtel Ltd who called off talks after failing to agree on a deal structure.
” exclusivity period may not be extended, but talks to continue,” the source told Reuters.
Source Reuters
